Fed. Sec. L. Rep. P 92,714 Edwin J. Herpich v. Robert H. Wallace, Jack E. Love

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that the “gist” of an action for damages under the Act is “economic injury”
• guarantor of pledgor not “purchaser” of pledged stock where inter alia no allegation of foreclosure
• guarantor of pledgor not a “purchaser” of pledged stock in absence of allegation of foreclosure
• therein the Court addressed the “standing” question in relation to Article 3 of the United States Constitution
• allegation that corporation would be caused to purchase securities at disadvantageous terms
• “Rule 19 ... was not meant to unsettle the well-established authority to the effect that joint tortfeasors or coconspirators are not persons whose absence from a case will result in dismissal for non joinder.”

Source: CourtListener parenthetical corpus (CC0).